Paytm is entering the ride-hailing sector by offering auto-rickshaw rides in cities like Delhi, Bengaluru and Chennai through the ONDC.
The ride-hailing feature on the Paytm app is still in testing mode and visible only to some users.
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Equity mutual fund inflows fell 16.42% to Rs 18,917.08 crore during April on fresh slump in investments into large-cap funds.
Meanwhile, debt funds, which had witnessed net outflows of Rs 1,98 lakh crore during March saw net investment of Rs 1.90 lakh crore during the last month.
In 2023, India overtook Japan to become the world’s third-highest producer of solar power. India generated 113 billion units (BU) of solar power in 2023 compared to Japan’s 110 BU.
Dr.Reddy's Lab net profit rises by 36%.40rs per share dividend declared.
FIIs cut back on financials services, FMCG, IT shares in second half of April
PSU banks and finance companies like PFC down today because of RBI's draft in which it has scrutinized such companies to take extra measures when lending.Obviously this is negative for their business hence they're down📉
RIL to enter Indian consumer electronics and home appliances market to launch a brand called Wyzr.
Through Wyzr RIL to sell air coolers, televisions, washing machines, refrigerators, air conditioners, small appliances, and LED bulbs planned for the future.
Company already in talk...
Chinese EV maker Leapmotor plans India foray riding on tie-up with Stellantis.
Stellantis, a major player in the global automotive industry with brands like Citroen, Jeep, and Fiat, is present in India through Jeep and Citroen.
GST collection hit All time high of 2.1 Lakh crore in month of April 2024📈
April brings funding cheer to Indian startups.
Indian startups recorded $726 million in 68 deals, from $298 million in 43 deals in April of 2023 a spike of about 144%.
Godrej to split into two.Adi and brother Nadir keeping the listed entities while cousin Jamshyd gets the control of unlisted companies and the land bank
RBI has decided to maintain the current investment limits for foreign investors (FPI) in government bonds, state loans, and corporate bonds. These limits will stay at 6%, 2%, and 15% of the total outstanding securities, respectively, for the ongoing fiscal year.
Credit card spends rise 27% in FY24
42% small caps delivered negative absolute returns between Dec- March 2024
Month till date, FIIs have sold ₹22,230 crores worth of stocks.
The primary reason for this FIIs selling trigger is the tweak in the tax treaty with Mauritius 🇲🇺,
Which would now impose higher scrutiny on investments made in India via the Island nation.
🇲🇺🤝🇮🇳
@singhappily big player things😅
Crude Oil Import Bill:
FY23: $157.5 bn
FY24: $132.4 bn🚨⬇️🍀
Discounts on a steady stream of Russian crude have led to India’s crude oil import bill shrinking by 15.9% ⬇️even as import volumes remained the same.
🚨💰💰📈Adani family invests ₹8,339 cr more in Ambuja Cements;
their stake rises to 70.3% in the company now📈
With this, the Adani family has infused a total of ₹20,000 crore into the country’s second largest listed cement maker and increased its stake further by 3.6% to around...
Apple is in talks with the Murugappa Group and Tata Group's Titan Company to assemble and produce sub-components for iPhone camera modules.